Importing from China
- July 29, 2008 at 11:04 am #11647
Need advice please. I want to import goods from a Chinese manufacturer but really dont know where to start. Are there any companies specialising in helping small businesses import and take care of paperwork, customs etc. Any advice or recommendations gratefully received.July 29, 2008 at 12:34 pm #54409
We recently did some research for a client who was looking at importing goods. I don’t know how far along you are in this process (i.e. whether you’ve already found a supplier, etc). If you’re right at the beginning and don’t know where to start there’s some good information on Business Link
If you’ve already identified a supplier you want to import from then you’re best bet is probably to contact some shipping agents and have a chat with them. Many of them take care of the whole process and the paperwork, etc. A quick google search for "shipping agents China" will give you plenty of options.
The Virtual PA service for smart business owners Read our blog on virtual working at www.onehourpa.comAugust 3, 2008 at 10:20 pm #54477
I’ll put you in touch with someone if you are serious and have a good idea what you are looking to importAugust 4, 2008 at 5:48 pm #54482
im curantly importing motorbikes from china and use a logistic company really good they take care of everythink stress free as well;
what you importing;
JamieAugust 9, 2008 at 7:18 pm #54554
I am importing handbags and purses. Does your company import those kind of products?
CaroleAugust 13, 2008 at 5:20 pm #54594
i was doing that awhile ago; WARNING: their are loads of laws on importing brand gear. also alot of them from china are fakes even tho they look 100% really. just look on ebay u will see them they are the ones that are packed in cheap plastics.
i know suppliers for all sorts of gear if you need a hand in anyway please let me know;
Sorri for late replyAugust 15, 2008 at 10:28 am #54639
There are many things you need to consider about importing from china.Once you have established contact with a supplier,you need to source samples and decide how to pay for them.Most companies will require you to pay byT/T (tele transfer). This is quite easy to do from your bank.It simply means filling out a form and showing some I.D. (This is done to prevent money laundering).The service usually costs you about £20 on top of the amount you are sending.Normally,most companies will require payment in U.S. dollars.The transfer can take about 7 days to arrive at your suppliers bank.Be very careful when a supplier asks for payment by Western Union only. Once you have arranged samples,they usually take around 2-3 weeks to arrive if sent by air.The usual way this is done is either EMS (china’s version of parcel force) or a standard courier.Tracking details are usually given though my experience of EMS is they give the tracking number and you get it delivered before anything shows up on their website! You may get a bill from the courier a few weeks after delivery to you for the import duties.Some parcels are pulled by customs,many are not. Dealing with suppliers in China is very easy and can be very profitable.Trading in small volumes gives you a chance to test the market by selling the items and seeing what sort of response you get back from customers.Many items that are branded are fake so do research your suppliers thoroughly.As you build up a trading relationship with your suppliers, they will allow you to pay by T/T in advance usually 30% meaning you pay the 30% when you confirm the order and the remainder once the good arrive with you or your shipping agent/freight forwarder.You can also trade with a L/C (letter of credit).This means that you aggree a price with the supplier and go to your bank and tell them you want a L/C for the ammount.The bank will then hold the payment in their account and you cannot touch it.The L/C is then sent to your supplier and delivery takes place.Once you are happy with the goods,you instruct the bank to release the funds to the supplier.If there is a problem with the goods once delivered,you can resolve the matter with the supplier.This sort of problem is better sorted out before delivery and put in writing so both parties understand.Freight forwarders will deal with all the paperwork for you and arrange delivery to your door.They will give you a price for the service and these are usually very competitive.Having goods delivered by air is usually more expensive but the goods are with you a lot quicker.If you require any more advice please ask and I will try my best to help.Sorry about the long post but I think some readers may value the information.August 15, 2008 at 10:33 am #54640
Meant to add to my previous post-
One thing to consider about importing is the fluctuations in currencies.The pound versus the dollar.A couple of weeks ago, the pound was around 197 to the dollar meaning you got $1.97 for the pound.Today it is $1.85.I made a large order a few weeks ago which because of the movements in the currencies will cost me about 6% more by the time i pay the remainder on my order.August 16, 2008 at 4:13 am #54644
im Ray, im working for a trading company in Shenzhen China.
But now im planing to start up my own business———-to export goods from China. my aim products are mobile phones, brand garment, brand watches, and brand leather bags.
In fact im already cooperating with an Italian, our product is mobile phone at the moment. what our business like is he do the sales in Italy, and i source the best and cheapest products in China, when we gain profit we share it. Although it just began and still a small business, we still can see the potential of our business.
I suggest you find a reliable business partner first, it cost time but it’s very important. Just like me and my Italian partner, he contact me first, at the begining we just chat on MSN, talked about football and tradition, and made some argument, this is a process for us to know more about each other. Then he bought some phones from our company through me for 2 times, and then we started our cooperation. So know more about your supplier is essential.
As Merseytool said, the payment method is also an important part of the business, especially for the bulk order. But for the order just hundreds or thousands of dollars, Western Union or bank transfer is better, coz it’s faster for delivery. If you are an ebay seller you will know how important of the delivery time. but if you do WU or bank transfer, u have to be careful, as i said, to know more about your supplier first.
And for the custom matter, if you import the copy brand products from China, u have to take care about the custom, your supplier have to consider this part for you, because if the parcel stoped by the custom, you know what will happen. One time i sent 2 copy Vertu phones to UK, i know the UK custom is strict and 50% may open the parcel to do the checking, so i packed the phones as a birthday gift, wrote "happy birthday" on it, then it reaches my customer safely. there are millions of way to avoid the custom issue, and some ways are very funny but useful.
well, i think i typed too much, this is just the experiance from my business, maybe not suitable for all the others, but i hope it can help you. and If you need any help or suggestion, just add my msn:
China Wholesale - www.7daysGet.comAugust 16, 2008 at 6:51 pm #54646
Some wise words of wisdom there Ray.Personally,I would not touch any supplier who you can’t find any information about.Paying a supplier by Western Union is quick…..you will pay and probably never see your money or goods again. Buyers MUST research their potential suppliers before purchasing goods.Using W/U is well known for scams etc. Regards,Mo.August 18, 2008 at 4:54 am #54652
Seems Merseytools is always place bulk order from China. Yes, there are many scamers are using WU but the truth is, there are still many buyers choose it. Especially for the small business like ours, our company makes more than $30000 profit every month, but, it comes from our hundreds of order. Most of the orders are just hundreds or thousands of dollars. So, look, for such a small amount, payment by L/C or bank transfer is waste time. And most of our buyers are the ebay seller, so they need the goods urgently and some of them may require drop shipping. And for the scam thing, personally, i think you just in bad luck. I have to say, most of the Chinese suppliers are doing the serious business and we just thinking profit but not scams.
But for bulk orders, you really have to choose L/C or T/T. I worked for a factory before, the factory just accept larger order, the payment term is. 30% for order, 40% during producing, 30% before shipping. No body there knows what Western Union or Money Gram are. So, it means, the payment method is depands on what business you are operating, some time you have to choose save time or be careful.
And for the information of the supplier, one thing I have to tell you, our company was recently lost nearly $2000 from a shipping agent. It’s our new shipping agent and we can find every certificates and licences for this company, but after they come to collect the parcels from us, they disappeared with our parcel, and can not contact any body anymore. Just as I said, we were in bad luck.
China Wholesale - www.7daysGet.comAugust 18, 2008 at 11:41 pm #54658
good words of advie their ray
after reading all of that i can honestly admit i knew all that and im glad that i have looked into companies; i am 19 and have many business ideas and all of them has to do with importig from china!! CHINA IS MOVING FORWARD, and i want to be a part of that,
i am fastly on the way to my motocycle import company and calculations looking good i crnt wait to invest more.
i just am abit behind with logistics as i am wanting to get the bikes my self and not pay a company to do it. do i need to regester as a importer?
JamieAugust 19, 2008 at 9:38 am #54661
There are many potential problems that would need to be addressed before going it alone with regards to importing.Do yourself a favour and speak to a few different freight forwarding companies about the possible pitfalls.You sound very keen but don’t let this blind your judgement by letting you hear just what you want to hear.I find it very convenient that people come on these forums and all of a sudden they are trading or moving into exactly what posters are wanting.Best of luck with your venture.Regards,Mo.August 19, 2008 at 11:11 am #54664
Sorry i don’t know what your motobike business looks like, so i can’t tell any thing, it is still small, right?
So please let us know what your business looks like first? Some thing like how many u will import for one time, which shipping method you are using and so on. Then we can base on your information to give you some suggestion.
Every body knows business is risky, that is why most of people just working for a few of other people. Especially at the beginning of the business, you have to face many kinds of problems, just like me at the moment. So if you always fear for this or that, trade with China is not suitable for you.
China Wholesale - www.7daysGet.comAugust 21, 2008 at 5:18 pm #54715
yes I am pretty small at the moment-, I have four coming in next few weeks so I need to sort this out; I have paid for delivery to Newcastle that was included in price of bikes, but now I need them from Newcastle to Darlington which is 40 miles I have been told will cost me around 400 pound including customs handling from a logistics company + I need to pay the tax and duty. So in total will cost me around £550 total
The B/L will be sent in a week or so, so I need to know to put me mates Company down then we go up in van pick them up OR; use a logistics company? If I and I mate go up what ID does we need??? HELP!!
Can you see where I am coming from I could save me self £400; and that’s a bit of money when your starting up;
Ray would love a few words of advice here;